Given demand, the price is found where
A) consumer surplus is maximized.
B) average costs equal price.
C) price equals marginal revenue.
D) marginal revenue equals marginal cost.
D
Economics
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According to AD-AS model, the primary long-run effect of increases in the money supply is
A) higher price level. B) higher GDP. C) lower price level. D) lower GDP.
Economics
A financial asset is considered a security if
A) the owner of the security receives dividends and realizes a capital gain when the asset is sold. B) it can be sold in a secondary market. C) its value increases after it is sold in a primary market. D) its value is secure; that is, the owner will not suffer a financial loss when the asset is sold.
Economics